Discover the Georgia Dream Homeownership Program

Discover the
Georgia Dream Homeownership
Program

Ever dream of owning your own home

The Georgia Dream Homeownership Program can make it a reality This program offers affordable mortgages for eligible home buyers.

Is the Georgia Dream program for me

Georgia Dream loans* are available to

First-time home buyers
OR

Have a household income up to the maximum
(see facing page)

Home buyers who have not owned a home** in the past three (3) years
OR

Have liquid assets of no more than $20 000 or 20% of the sales price (whichever is greater)

WHO ALSO

Those who purchase a home in certain areas (see map on page 5)

Meet mortgage loan credit requirements

*Loans are 30-year fixed interest rate mortgages. Participating lenders give credit approval for FHA USDA-RD VA or conventional eligible mortgage loans.
**Home buyers who have not had interest or ownership in a primary residence in the last three years.

Maximum Household Income & Home Sales Price

If you purchase in one of Purchase price Household income

these Georgia counties cannot exceed

cannot exceed

Barrow Bartow Carroll Cherokee Clayton Cobb Coweta Dawson DeKalb
Douglas Fayette Forsyth Fulton Gwinnett Heard Henry Jasper Newton Paulding Pickens Pike Rockdale Spalding or Walton

$250 000

1 or 2 persons $74 000
3 or more persons $84 500

Any county not listed above

$200 000

1 or 2 persons $60 500
3 or more persons $69 500

NOTE Income limits are subject to change. Please visit www.GADream.com for current limits.

Need help with your down payment

Often the biggest obstacle to homeownership is being able to afford the down payment. The Georgia Dream Homeownership Program can help qualified borrowers clear this hurdle

DOWN PAYMENT LOAN OPTIONS

A BORROWER MUST
CONTRIBUTE A MINIMUM OF
$1 000 TO THE PURCHASE

STANDARD
All eligible home buyers may qualify for $5 000 in assistance.
PEN
Are you a public protector educator health care provider or active military
If so you may qualify for $7 500 in assistance through our PEN program.

CHOICE
Is a member of your family living with a disability
If so you may qualify for $7 500 in assistance through our CHOICE program.

How do I get started
Contact a Georgia Dream Participating Lender to pre-qualify and begin the mortgage loan process. Go to www.GADream.com to find a list of participating
lenders or call 1-800-359-HOME (4663).

Online
Go to www.GADream.com

By Phone
Call 1-800-359-HOME

In Person
Visit a participating lender

Home buyer counseling is required for all Georgia Dream loans.
Georgia Dream borrowers must attend and complete EITHER a home buyer education workshop OR individual housing counseling sessions OR an online home buyer education course through E-Home America.
Online Home Buyer Education may ONLY be completed at www.ehomeamerica.org.
Workshops and counseling sessions must be completed with a DCA or HUD approved housing counseling agency.
A list of HUD approved agencies is available at www.hud.gov or call HUD s interactive voice system at 1-800-569-4287.
A list of DCA-certified housing counseling agencies is available at www.GADream.com.

Georgia Dream Targeted Areas
The Georgia Dream Homeownership Program is available to eligible first time home buyers in all Georgia counties.
However if you purchase a home in one of the targeted counties shaded in green or in a targeted census tract* you do not have to be a first-time home buyer.
*Check with a participating lender for a list of targeted census tracts.

How can we help you realize the Georgia Dream



The Georgia Department of Community Affairs is committed to providing all persons with equal access to its services programs activities education and employment opportunities regardless of race color national origin religion gender familial status disability or age. For reasonable accommodation please email fairhousing dca.ga.gov.
Rev. 7/2017

60 Executive Park South NE Atlanta GA 30329-2231 www.dca.ga.gov
LENDER